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welcome to our viewers on public television in america and also around the globe. a tiny island is shaking the eurozone. financial markets fell after the terms of an eu bailout for cyprus caused widespread anger. the deal includes a heavy tax on bank deposits. savers queued for hours to try to get their money out. now the government says all banks will be closed till thursday as it negotiates the terms of this deal. gavin hewitt starts our coverage. >> hurt, anger, outrage -- that was the mood on the streets of the cypriot capital. in exchange for european bailout, small and large savers will have to pay a one-off tax. >> we are sleeping. we all come in the morning,
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knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors
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to pay -- just reducing the amounts savers and depositors will have to pay probably won't be enough. teeple are still trying to get their money out of cash machines, but there are limits on how much they can withdraw. a parliamentary vote on the bailout has been postponed yet again. the government feared it might not win a majority for the bailout. without extra funding, cyprus faces bankruptcy. the british community around -- the british community, around 60,000, is also assessing its losses. cypriot friends are in shock. >> they felt as though someone had put their hand in their pocket and taken their money without letting them know what was going on. >> others speak of a breach of trust. >> people are going to take their money out of the eurozone in general the guys they don't trust them -- because they don't trust them.
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>> they have been reducing the amount -- they have been discussing reduce the amount that small savers will have to pay. the crisis is threatening the eurozone. >> reports coming in from europe suggest the eu may have changed the deal, to allow people with deposits of less than 100,000 euros to get off that tax. i spoke a short time ago with former u.s. treasury secretary tim -- larry suckers -- i spoke a short time ago with former u.s. treasury secretary larry summers. >> it changed the world. sarah gave a was a small place -- sarajevo was a small place. it matters so much because of theexample that may be in process of being set. it has heretofore been assumed that insured deposits of ordinary citizens are as good a
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credit as exists in these countries. the apparent decision that is not the case, with the endorsement of the european authorities, with the endorsement of the imf, calls that into question. there is little wonder that markets are experiencing a change in the way the world that, and it is change they find unsettling. >> if you are a middle aged retiree in italy or spain today, are you really looking at what is happening in cyprus and thinking, you know what, i might take my savings out of the bank as well? is that the problem? >> certainly a sense of complete confidence that people have that other people have is attenuated by an action of this kind. inis very important
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financial dealings that principles be respected. no one has, so far, been able to lay out what kind of principles, with respect to the priority of claims, are being followed here. europe has serious problems come a strategic problems in the implementation of the monetary union. and this is laying a tactical blunder on top of that. >> you write today that europe has unfinished is missed in its financial crisis. in america, it does seem time -- sometimes seem as though the crisis has waned. what does it look like europe has failed to do? >> it is the history of crises like this that they have acute moments and then there were remissions. it was many months between the time there fell to the time that lehman brothers fell -- that
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fell to the time that lehman brothers fell. there was time between the thailand crisis and the korean crisis. there was time between the korean crisis and the russian default. we remember that as one keeper of financial instability, but there were long roles -- one period of financial instability, in there were long rolelulls between. you can get sucked into complacency by along period a relatively -- by a long period of relatively robust markets. any individual can save more and rebuild his or her balance sheet. but in a world where my spending is your income, if every
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individual tries to save more or every country tries to save more, the result is just lower incomes. in the end, you don't have more savings. that is the risk on the path that europe is following. >> larry summers, thank you very much. thek news at -- around world. syrian planes have bombed northern lebanon for the first time according to the u.s. state department here they have accused damascus of a significant escalation of the conflict -- state department. they have accused the mask is of a significant escalation of the conflict. of acused damascus significant escalation of the conflict. al-shabab has claimed responsibility for a suicide attack in mogadishu, which let as many as 10 people dead and many more injured. the lease believe government officials -- police believe government officials were the target.
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10 years ago, americans led an invasion in iraq based on the idea that hussein had weapons of mass distraction. he did not. the bbc has uncovered intelligence from senior iraqis that could have changed the calculation. peter taylor has this exclusive report. >> tony blair insisted the intelligence was beyond doubt. it was anything but. >> what appeared to be gold in terms of intelligence turned out to be full. -- fools gold. >> there were two highly placed sources closely placed to saddam hussein who said that iraq had no wmd. the first was iraq cost foreign 'snister -- iraq cost -- iraq foreign minister.
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mary handed over $200,000 -- murray handed over $200,000. he was given a less than -- he gave the intermediary a secret list of questions. a sign had been devised to show they had been answered here >> there were suits tailor-made for the source -- answered. tailor-madethere were suits for the source. >> he had some chemical weapons left over from the early-19 90s. the report was very clear about what he had at that point in time -- early-1990's. the report was very clear about what he had at that point in time. >> we were told that the entire story was totally fabricated. three months before the war in jordan, a senior -- before the
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war, in jordan, a senior and my 6 officer metnior mi with -- we understand that he told mi6 that saddam had no active wmd. first inquiry was held. he was not aware of the iraq foreign minister and only found out about the other meeting before -- after his report was published. >> i think that this was something that our review did most -- ms. -- nmumiss. it was not a significant factor. were not able mi6 to convince bush of the validity of their intelligence from their two most highly placed sources. if they had been able to do so,
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britain and america might not have gone to war. by this time, the guy had probably been cast -- the die had probably been cast. >> the probably that -- body that probably feels most miserable of all -- >> he have every reason to think that -- they have every reason to think that. >> the legacy of the intelligence failures over iraq is with us still. peter taylor, bbc news. for people still living in iraq 10 years later, the preoccupation is not with intelligence failures of the past but with security failures of the present. how does the country stand today? a short time ago, i spoke to the bbc's ben brown in baghdad. the only news we get of iraq in america is when there is a car bomb exploding. it's another indication there
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is some violence. how secure is the country? >> there are still car bombs and suicide bombs, but the violence is not as bad as it was. if you drive around baghdad, there are still lots of checkpoints and lots of traffic because of the checkpoints, but i do think people feel safer on the whole. we were at the national museum of iraq in baghdad the other day. that is where a lot of the ancient treasures that were there were looted in the early days after the american-led invasion. american troops were blamed for not protecting that museum better. while we were in the museum, we came across a group of american tourists who were visiting. i said to them, do you feel safe enough to be here in baghdad, what do your friends say back in the states when you say you are coming to baghdad? they say, well, our friends say we are crazy, but we wanted to see these ancient treasures. these are people who love
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archaeology. they love the ancient world. they were from chicago and new york. a said they feel safe enough to be here. they take -- they said they feel safe enough to be here. they take precautions. >> when you ask people, as you have been doing, whether they feel the country is better off than before the invasion, does the answer largely fall on secretary and lines -- secretary sec -- secretary and -- tarian lines? >> the she is -- the shias are in the coalition government. a lot of sunnis feel marginalized by the government. some of them say they live in ghettos here in baghdad. they have demonstrations every week at the moment. there are fears there could be a return to the secat ash -- sect arian violence we could -- we
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saw a few years ago. something like 40% of the workforce are out of work, even though there is very high growth because of the oil production that is booming here at the moment. and the unemployed people say life was better under saddam. they had worked. they had jobs. prices were much lower. it was an easier place to live, they say. >> ben jones, -- ben brown, thank you very much. you are watching "bbc world news america." still to come, stories from inside china. we take you to the dash inside the controversial prison system you rarely hear about -- we take controversial priso prison system you rarely hear about. today, it was a diplomatic mission for the pope. cristina kirchner asked the new pope to help with the dispute
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with britain over the falkland islands. there is no word on how the pope responded to her appeal. we have this report from argentina. with was the first meeting the head of state for -- the heads of state with pope francis. cristina kirchner gave him a traditional, t like drink -- tea-like drink that is often shared among friends. as bishop and president, their relationship was strained. as president and pope, it still seemed awkward. "i've never been kissed by the pope," she said. and she used her press conference to reopen the dialogue on the focalin violence. -- auckland islands -- falkland islands. >> this is a very important issue for all the argentinian people and the president.
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i asked the pope to mediate so we can reach an -- reach an agreement about the malvinas. helpedough he has negotiate in the past, that might be more difficult now. the excitement over an argentine pope is still not fading in buenos aires. the service in honor of the man they knew as cardinal bergoglio was, at times, more like a football match than a catholic mass. flying the people colors. putting up more screens and .peakers -- the papal colors putting up more screens and speakers. bbc news, buenos aires. >> in his first news conference , china's new premier says the government is planning reforms to the country's forced labor
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camps. public opposition to the prison system goes back to the ways of chairman mao and has been growing since last year when one woman's controversial case was put in the spotlight. damian grammaticas has this report from central china. >> outside china, few know this exists -- a network of labor camps. and withch cautiously a guide. her incarceration here caused outrage. .> it was a living nightmare the real nightmare -- a real nightmare would have been better. that, i could've woken up from. you can hear the chant -- >> you can hear the chant of inmates undergoing forced reeducation here just in order from a police man is enough to have you locked up here for up to four years -- forced
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reeducation. just one order from a police man is enough to have you locked up here for up to four years. the crusade of one woman in their asked authorities. she was sent -- embarrassed authorities. she was sent here. she was told she must obey whatever the communist party says. >> i felt desperate, but i did not shed a single tear because i knew they were monitoring the all the time. they wanted me to break down. they told me, if you promise to drop your case, you can leave this place early. i told them i would never write such a promise. , noike all of those here court case, no legal process -- her story leaked onto the internet. she was released after nine days.
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it added to the pressure on chinese leaders to bring the system to an end. chairman mao set up china's reeducation through labor system in the 1950's to silence political opponents. today, it is where officials dump anyone that crosses them. some camps are slowly being wound down. this former one now houses only drug addicts. last year, china still had 350 labor camps holding 50,000 people. for many, they are assembled this remains a police state, so it is significant china's new leaders have said reforms are being drawn up. among those now openly calling for the system to be scrapped zhengtian. he was sent for reeducation in a coal mine in the 1970's. his crime -- drawing posters
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calling for the rule of law, something he says china urgently needs today. >> i refused to bow my head in submission, so they hit me again and again. i lay in a pool of my own blood for more than three hours. we must abolish it as soon as possible. the law should protect people's rights. >> for now, life goes on in china's hated like -- hated gulags. tang hui's incarceration has led even china's official media to say that it is time the system was swept into the dustbin of history. >> a time of change in china. finally, from the jungle of the amazon to the concrete jungle of new york. he lives in -- lived in a brazilian village it is so remote it is a five-day boat ride to the nearest town. now, through a fellowship program, he is learning to speak
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english and make documentaries in the city that never sleeps. as you can imagine, it is quite a shock.
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>> from a village deep in the amazon to one of the busiest cities in the world. how would you cope with that
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kind of transition? that brings today's show to a close. you can watch "bbc world news" on your local channel. i am katty kay. thanks so much for watching. stay tuned tomorrow. >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, union bank, and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. and as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy.
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fidelity investments. turn here. >> "bbc world news" was presented by kcet, los angeles.
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captioning sponsored by macneil/lehrer productions >> ifill: supreme court justices weighed a challenge to an arizona law requiring proof of citizenship for voter registration. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the newshour tonight, we talk to marcia coyle about today's court arguments, and ask about the broader implications for other immigration laws. >> ifill: then we turn to the banking crisis in cyprus, as european union leaders called for a tax on savings accounts, prompting a drop in global stocks. >. it's outright theft. >> woodruff: jeffrey brown kicks off a week of stories about the middle east, starting with israel's new governing coalition sworn into office today. >> ifill: paul solman reports on older workers in academic institutions, professors in the classroom long past age 65.
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>> am i keeping track of jobs? yes. that's okay. as long as i'm a good teacher, that's what's important. >> woodruff: and we examine the republican national committee's call for a new direction for the g.o.p., a road map hoping for a rebound in 2016 and beyond. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, t

BBC World News America
PBS March 18, 2013 2:30pm-3:00pm PDT

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TOPIC FREQUENCY China 11, Europe 7, Baghdad 6, America 5, Cyprus 4, Us 3, U.s. 3, New York 3, Bbc News 2, Cristina Kirchner 2, Peter Taylor 2, Damascus 2, Ben Brown 2, Lehman 2, Britain 2, Pbs Newshour 1, Bnsf 1, Gavin Hewitt 1, Tony Blair 1, Murray 1
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